Angola to spend $1.3bn on ports this year

Angola-LNG-Supply-Service-appoints-GAC-to-handle-port-bunker-fuels-services ship vessel

The Angolan government has confirmed that it is to spend more than $1.329bn in 2016 on three port infrastructure projects located in Cabinda and Zaire provinces.

President José Eduardo dos Santos has authorised the Ministry of Planning and Territorial Development to include all three projects in its 2016 Public Investment Programme.

Simultaneously, the Ministry of Finance has included the projects in the state budget for this year.

The two projects in Cabinda, which has no land border with the rest of Angola, are the deepwater port at Caio, where construction is already under way and is expected to be completed by the end of 2017, and Cabinda ferry terminal.

The third terminal is the construction of a land and river terminal at Soyo, in Zaire province, which is the closest to Cabinda.

Source: Port Strategy